• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

GE2025-SM Lee Hsien Loong defends CECA

joemartini

Alfrescian
Loyal
Joined
May 31, 2024
Messages
367
Points
43


SM Lee Hsien Loong defends CECA, calls for integration and openness amidst political sensitivities

youtube comment:
The SEZ and RTS Link initiatives appear to be a replica of CECA and will not be a game changer or yield net benefit to Singapore. With exchange rate and skilled labour disparity so sharp, its unlikely Singapore will truly reap net benefit as a whole from SEZ and RTS Link completion. For a start, Singapore retail will be hardest hit when initial plans concretize. For local and foreign business sector, nearly half already have low cost manufacturing operations in JB, so this is really nothing new, falling way short of a game changer. Without currency harmonization, this alliance will not be a playing field of equals with JB Malaysia standing much more to gain than Singapore. PAP is out of ideas, repeating same old stance. They are using these initiatives as a PR bait to secure GE votes and hopes for a dimming economic outlook. Opposition needs to seriously prioritise and question the real "benefits" of these initiatives in the Parliament.

so now we can expect the RETAIL industry to bleed profusely to an eventual painful death, due to SEZ and RTA ya???

when the PMET/MNCs/banking industry bleeds due to CECA, did anyone in other industries (retail inclusive) jump up and down (except for those PMETs)???

let me list these prices out for you.

a full Burger king set meal. burger, fries, drink, chicken wing pairs. about MYR30.

satay. 30 sticks and 3 ketupat sets. about MYR30-40.

two plates of western food meal (chicken wings set, and a pork/chicken chop set meal) - MYR15 + MYR14
(location - areas around the meldrum hotel, jalan siu chin, jalan siu nam )

If I can go JB more frequently to get cheaper purchases, groceries, food, services and shopping at more cheap prices, why would I get a bloody fuck about the ailing retail industry here??? those coffee shops, supermarkets, mom-pop stores, hawkers here can go fuck themselves to bankruptcies!!!

1736830867376.png
 

India’s $556 Billion Equity Rout Seen Worsening as Growth Cools​

  • Benchmark may drop at least 5% in first three months: survey
  • A third of respondents see up to 15% rise in Nifty 50 for 2025

By Ashutosh Joshi and Chiranjivi Chakraborty
14 January 2025 at 7:00 AM SGT
Save
Translate

Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.

Investors are expecting Indian stocks to post another quarter of losses as a slowdown in economic growth and sticky inflation hurt corporate earnings and foreign flows.
 
After hitting multiple new highs last year, India’s nearly $5 trillion equity market has come under pressure due to foreign outflows sparked by fears over falling consumption. The aggregate market value of companies included in the MSCI India Index has declined by $556 billion after the gauge fell more than 13% from a September peak.

“Indian markets are navigating a bout of uncertainty," said Mohit Khanna, a fund manager with Purnartha Investment Advisers Pvt., which manages more than $250 million of assets. “The pessimism can be attributed to multiple domestic and global developments that took place in 2024 and will impact local shares over a short term."

Worries over India’s growth ambitions are intensifying after the latest government figures show the economy will expand 6.4% in the current fiscal year, well below the 8% average of the past three years. Vehicle sales fell in December, while consumer companies have flagged challenging market conditions.
 
HSBC Holdings Plc. strategists including Herald van Der Linde downgraded Indian stocks to neutral last week, saying investors will likely re-evaluate their positions after consensus reduced FY25 earnings growth estimates for the Nifty 50 to 5% from 15%.

While some of the survey respondents see negative returns for the benchmark on a full year basis, one-third of them expect the Nifty 50 gauge to rise 10% to 15% in 2025. This is mainly seen on the back of continued flows from domestic investors.

The Nifty 50 fell 8.4% last quarter but still capped an annual advance of 8.8% in 2024, its ninth straight year of gains.
 
Back
Top